New York Community Bancorp June 15th Short Interest Update

New York Community Bancorp (NYSE:NYCB) encountered a rise of 0.7% or 280,281 shares in the short positions. The number escalated from 39,575,754 on May 31,2016 to 39,856,035 on June 15,2016. The final interest is 8.5% of the floated stock. The days to cover figure of 12 can be arrived using the average daily exchange of 3,327,297 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

New York Community Bancorp (NYSE:NYCB): The stock opened at $14.87 on Friday but the bulls could not build on the opening and the stock topped out at $15.02 for the day. The stock traded down to $14.49 during the day, due to lack of any buying support eventually closed down at $14.77 with a loss of -4.34% for the day. The stock had closed at $15.44 on the previous day. The total traded volume was 7,951,994 shares.

The company shares have dropped -19.07% from its 1 Year high price. On Oct 28, 2015, the shares registered one year high at $19.18 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $15.18 and the 200 Day Moving Average price is recorded at $15.47.

New York Community Bancorp (NYSE:NYCB) has tumbled 1.2% during the past week and has dropped 5.56% in the last 4 week period. The company has outperformed the S&P 500 by 0.44% in the past week but underperformed the index by 2.71% in the last 4 weeks.

New York Community Bancorp, Inc. is a multi-bank holding company and has two primary subsidiaries: New York Community Bank (Community Bank) and New York Commercial Bank (Commercial Bank). The Community Bank is a New York State-chartered savings bank with 242 branches that operates through seven local divisions. The Community Bank is a producer of multi-family loans in New York City. In addition to multi-family loans, it originates commercial real estate loans (primarily in New York City, as well as Long Island and New Jersey) and, to a much lesser extent, acquisition, development, and construction (ADC) loans, and commercial and industrial (C&I) loans. The Commercial Bank is a New York State-chartered commercial bank with 30 branches in Manhattan, Queens, Brooklyn, Westchester County, and Long Island, including 18 that operate under the name Atlantic Bank. The Commercial Bank offers 24-hour banking online and by phone.

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